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The Maples 1011 SE 3rd St 18 Unit Apartment Building $1,650,000 ($91,667/Unit) 6.53% Cap Rate Ankeny, IA 50021
Investment Highlights
- Easy access to I-35, I-80, and in close proximity to the Des Moines International Airport.
- Plenty of nearby shopping and dining options.
Executive Summary
18 well maintained and renovated units. Consisting of 17 (2) bed units and 1 (1) bed unit. Long term tenants and low vacancy in a high demand area. On-site laundry and storage.
Property Facts
| Price | $1,650,000 | Building Class | C |
| Price Per Unit | $91,667 | Lot Size | 0.81 AC |
| Sale Type | Investment | Building Size | 22,000 SF |
| Cap Rate | 6.53% | No. Stories | 3 |
| No. Units | 18 | Year Built | 1980 |
| Property Type | Multifamily | Parking Ratio | 1.37/1,000 SF |
| Property Subtype | Apartment | Parcel Number | 181/00626-700-000 |
| Apartment Style | Low-Rise | ||
| Zoning | C-2 - Commercial | ||
| Price | $1,650,000 |
| Price Per Unit | $91,667 |
| Sale Type | Investment |
| Cap Rate | 6.53% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.81 AC |
| Building Size | 22,000 SF |
| No. Stories | 3 |
| Year Built | 1980 |
| Parking Ratio | 1.37/1,000 SF |
| Zoning | C-2 - Commercial |
| Parcel Number | 181/00626-700-000 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Satellite TV
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Deck
- Patio
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Storage Space
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 17 | - | 900 |
1 1
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The Maples | 1011 SE 3rd St
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